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shall be redeemed in part by lot at par plus accrued interest on the sinking fund installment dates and <br /> in the principal amounts as follows: <br /> Sinking Fund Installation Date Principal Amount <br /> August 1,2039 Term Bonds <br /> 2038 $420,000 <br /> 2039(maturity) 425,000 <br /> Sinking Fund Installation Date Principal Amount <br /> August 1,2047 Term Bonds <br /> 2045 $480,000 <br /> 2046 490,000 <br /> 2047(maturity) 505,000 <br /> Sinking Fund Installation Date Principal Amount <br /> August 1,2051 Term Bonds <br /> 2048 $515,000 <br /> 2049 525,000 <br /> 2050 540,000 <br /> 2051(maturity) 550,000 <br /> 5.05. Term Application of Proceeds. Immediately upon delivery of the Series 2021B <br /> Bonds to the Purchaser, the amount received as accrued interest on the Series 2021B Bonds shall <br /> be credited to the Debt Service Account and the remaining proceeds, net of the amount deposited <br /> in the Reserve Account pursuant to Section 3.02, shall be deposited in the Project Account and <br /> used to pay costs of issuance of the Series 2021B Bonds and costs of financing the Project, as <br /> provided in Section 13. <br /> Section 6. Registration;Appointment of Registrar; Book-Entry System. <br /> 6.01. Registration. The City, by the Commission, will appoint, and will maintain, a <br /> bond registrar, transfer agent, authenticating agent and paying agent(the "Registrar"). The effect <br /> of registration and the rights and duties of the City and the Registrar with respect thereto are as <br /> follows: <br /> (a) Register. The Registrar will keep at its principal corporate trust office a <br /> bond register in which the Registrar provides for the registration of ownership of the <br /> Series 2021 B Bonds and the registration of transfers and exchanges of Bonds entitled to <br /> be registered,transferred or exchanged. <br /> 8 <br /> EL185-68-707442 v4 <br />